It Authorizes The Municipality Of Coquimbo To Hire One Or More Businessmen Who Produce Up To The Amount Of $50,000 In Order To Allocate Them To Various Local Pets, For Their Service It Provides An Additional Contribution Of One Three Per Share.

Original Language Title: AUTORIZA A LA MUNICIPALIDAD DE COQUIMBO PARA CONTRATAR UNO O MAS EMPRESTITOS QUE PRODUZCAN HASTA LA CANTIDAD DE $ 50.000.000 CON EL FIN DE DESTINARLOS A DIVERSAS OBRAS DE ADELANTO LOCAL, PARA SU SERVICIO ESTABLECE UNA CONTRIBUCION ADICIONAL DE UN TRES POR

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" Article 1. Authorize the Municipality of Coquimbo to contract directly one or more borrowings that produce up to the sum of $50,000,000 at an interest not more than 12% per annum and with an amortisation extinguishing the debt within a maximum period of time. Five years.